China Aircraft Leasing (CALC) has received an approval from the Shanghai Stock Exchange (SHSE) for its asset-backed securities issuance programme with a ceiling of RMB5 billion. In a release CALC said that this was a first such ABS programme for the aircraft leasing sector in China. CALC said the approval has been granted against the backdrop of steady recovery of the aviation industry and numerous national policy initiatives in favour of the civil aviation sector. This is CALC’s second innovative product cleared by SHSE. In 2018, the Hong Kong-listed lessor launched China’s first foreign currency denominated asset securitization product and

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